Location: St. James Parish, LA | Metro: St. James Parish, LA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,690 |
| 4 Bedrooms | $1,840 |
| 5 Bedrooms | $2,134 |
| 6 Bedrooms | $2,390 |
| 7 Bedrooms | $2,581 |
| 8 Bedrooms | $2,710 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,690 | $293,478 | 0.58% | F |
| 4BR | $1,840 | $445,025 | 0.41% | F |
U.S. Census Bureau data (2024)
ZIP 70763, located in St. James Parish, Louisiana, presents an opportunity for landlords and small-portfolio investors focused on Section 8 housing. This area should be considered a cash-flow anchor within a Section 8 portfolio strategy.
The Fair Market Rent (FMR) for ZIP 70763 in fiscal year 2024 is set at $820. While the market rent is currently unavailable, the median home value stands at $309,213. Given that the FMR is significantly lower than the median home value, it indicates that properties in this ZIP code can generate steady rental income through Section 8 vouchers without being heavily reliant on market fluctuations.
The stability of cash flow from Section 8 is particularly beneficial in areas where market rents are unpredictable or have not been established. In ZIP 70763, the lower FMR ensures that the government subsidy will cover a substantial portion of the rental income, providing a reliable stream of cash for landlords. The median income of $89,468 suggests that residents have the financial capacity to meet their share of the rent, further supporting the reliability of this cash flow.
A cash-flow anchor is essential for any investment portfolio, especially when dealing with subsidized housing. It provides a consistent and predictable revenue source that can offset potential losses from other investments or market downturns. In ZIP 70763, the combination of a stable FMR and a median income level that supports renter participation makes it a strong candidate for this role.
While the area does not provide significant data points for appreciation plays, such as price-cut share or days on market (DOM), and the 4.6% renter share is relatively low, the primary focus for investors here should be on the long-term stability of cash flows rather than short-term capital gains or diversification benefits.
In conclusion, ZIP 70763 serves best as a cash-flow anchor in a Section 8 portfolio strategy due to the predictable nature of rental income from the government subsidy and the financial stability of its residents.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.